Who is ACE USA?

ACE at a Glance a brief background Established in 1985 by Fortune 500 companies to provide excess liability coverage Headquartered in Hamilton, Bermuda Listed in 1993 on the New York Stock Exchange - NYSE : ACE Assets of $31 billion On July 2, 1999 acquired CIGNA’s US and International P&C operations Now in 47 countries and 50 US states Year 2000 - Gross Written Premiums of $7.6 billion Combined ratio in 2000 of 95.5%

Countries and Territories with ACE Group Operations Argentina, Australia, Austria, Belgium, Bermuda, Brazil, Canada, Chile, China, Colombia, Denmark, Ecuador, Finland, France, Germany, Gibraltar, Greece, Guam, Honduras, Hong Kong, Indonesia, Ireland, Italy, Japan, Korea, Macao, Malaysia Mexico, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Pakistan, Philippines, Puerto Rico, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, United States, U.S.Virgin Islands, Venezuela, Vietnam

ACE at a Glance Principal Operations ACE Bermuda - which includes ACE European Markets ACE Paget Re ACE Financial Solutions International CODA ACE PCC Sovereign Risk ACE INA Holdings - which includes ACE Europe / ACE Far East ACE Asia Pacific / ACE Latin America ACE USA / ACE Canada ACE Financial Solutions ACE Accident & Health Group ACE Consumer Solutions Group Westchester Specialty Group ACE Global Markets (Lloyds) ACE Tempest Re ACE Financial Services - which includes ACE Capital Re ACE Guaranty Re

ACE USA Susan Rivera - President & CEO Business Groups ACE Risk Management Professional Risk Specialty P&C ESIS

ACE USA Specialty P&C Group Ed Zaccaria - business group President Global Property Energy Power Products Commercial Marine US International

Specialty P&C Group US International U.S. International (USI) underwrites casualty coverages for the overseas exposures of U.S. based multi-national companies (MNC). It also provides a variety of cash flow and guaranteed cost products and services for the MNC customer. USI offers a unique package of casualty, workers compensation, property, and AD&D (with other additional optional coverages available) for businesses and individual exposures outside the U.S. Specialists in Standard & Specialty Casualty Captives and Cash Flow Funds movement Admitted / Non - admitted Foreign insurance packages

Specialty P&C Group US International ctd Target Customers U.S.-based multi-national companies U.S exporters Governmental, non-profit, school, and church groups conducting foreign activities Affinity groups Key Competitive Advantages Ties with ACE Global network assure superior overseas service delivery Advantage package product offers additional core coverages, subject limits and optional coverages partnering with other ACE USA units allows for a full range of global coverages and programs including cash flow, finite, and hedge/trigger coverages

Specialty P&C Group USI / International Advantage Based in Wilmington, DE underwriting,processing, management Branch Offices in 13 cities 11 specially trained business development specialists with underwriting authority Underwritten by ACE American Insurance Company

Specialty P&C Group USI / International Advantage Basic Package Commercial General Liability Commercial Automobile Liability Employer’s Responsibility Executive Assistance Commercial Property Additional Coverage Extensions Kidnap and Extortion International Medical & AD&D